The Palermo Foundation Inc
- Assets
- $136.8k
- Revenue
- $5.3k
- Investments
- $136.8k
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 02-0548845
Organization Overview
The Palermo Foundation Inc is located in Garden City, NY. The organization was established in 2003. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palermo Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH TO FIND NEW TECHNOLOGIES FOR FERTILITY TREATMENTS.
INCREASING THE AVAILABILITY OF INFORMATION FOR HOPEFUL PARENTS AND THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gianpiero D Palermo MD Director, President | 10 | $0 | |
Anna M Boutzalis CPA Director, Treasurer | 0 | $0 | |
Rocco Iacoviello ESQ Director, Vp/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,925 |
| Interest on Savings | $0 |
| Dividends & Interest | $777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,370 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,082 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $979 |
| Total operating and administrative expenses | $7,011 |
| Contributions, gifts, grants paid | $6,208 |
| Total expenses and disbursements | $13,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $136,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $13,050 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,790 |
| Total liabilities | $19,840 |
Grants Awarded
Over the last fiscal year, The Palermo Foundation Inc has awarded $6,208 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
I-TRI SPRING AUCTION PARTY PURPOSE: EDUCATIONAL | $207 |
THE ELLEN HERMANSON FOUNDATION PURPOSE: EDUCATIONAL | $750 |
COAST GUARD FOUNDATION PURPOSE: EDUCATIONAL | $100 |
SAG HARBOR SONG FESTIVAL PURPOSE: EDUCATIONAL | $75 |
SOUTHHAMPTON HISTORY MUSEUM PURPOSE: EDUCATIONAL | $300 |
COAST GUARD FOUNDATION PURPOSE: EDUCATIONAL | $75 |